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TRON (TRX) vs Building Permits
Correlation
of % moves
-24%
In sync
of periods
43%
History
monthsmonths · through 2026-04
24
These move in the same direction about 43% of the time
Their swing sizes only faintly mirror each other (~6% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
What to Watch
Building Permits moves ~6 months before TRX
Watch Building Permits for an early read on TRX.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
43.5%
Headline metric
Movement correlation(i)
-24%
Based on % moves
95% CI
-60% → +19%
Pipeline
Pipeline Summary
24 paired data points survived the monthly window.
Raw input
729
796
Normalized
729
796
Prepared
25
796
Aligned
24
24
Invalid removed
Likely range of correlation
R²(i)
6.0%
Variance explained
Significance
n.s.
Statistical confidence
Data points
24
Limited
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -13 to 13 months.
Selected shift
-6 months
Correlation at this shift
+41%
+16% stronger than no-shift baseline
Building Permits shifted 6 months later. Reads: "Does TRON (TRX) today line up with Building Permits 6 months ago?"
17 overlapping points at this shift
Baseline
-24%
No-shift correlation, matching the main time-series chart above.
Peak shift
-6 months
+41%
A non-zero peak suggests one series lines up better when shifted against the other.
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Do They Crash Together?
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
+4%
6 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-50%
13 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
773
A: 1 / B: 772
Series A
TRON (TRX)
TRX
Crypto · 729 raw → 25 prepared
Series B
Building Permits
PERMIT
FRED · 796 raw → 796 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
11
Estimated crossover points between normalized spreads.
Slope
-0.1122
Linear regression slope.
Intercept
0.0063
Linear regression intercept.
Saved 3 weeks ago · ID: crypto-trx_fred-permit_monthly_5y